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Mass media / Periodicals

"Oil of Russia"

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Lately, they are saying that 2020 may be an oversupply in the oil market. Insists the IEA in its latest monthly report on the state of the oil market. But these projections are based on erroneous assumptions, accurate estimates of global oil demand. In addition, it is not considered that the increase in the supply of kancevica the United States will continue, despite the prevailing price of oil. According to the analysis of the balance of supply and demand, the IEA for 2020 potential surplus of 900 thousand barrels per day. If this is true, it will inevitably affect the prices. The IEA expects global oil demand next year will reach 101.7 million barrels, the global supply will reach 102,6 million barrels, if we continue the current level of OPEC production...

Saudi Arabia supplied China with a record amount of oil in June 2019 of 7.72 million tons, the General administration of customs of PRC. Saudi Arabia is increasing its deliveries to the Chinese market amid falling imports from Iran, which is under US sanctions. Russia is the second largest supplier of oil to China. The volume of shipments last month amounted to 7.15 million tons, compared with 6.36 million tons a month earlier. On the third spot is Angola, which exported 4.43 million tons. because of the worsening situation in the Persian Gulf, Iraq has cut supplies in June to 3.5 million tons versus 4.5 million tons in may. China continues to purchase oil in Venezuela, which is also experiencing economic and political pressure from the United States. The...

Net profit of Tatneft grew in the first half of 2019 decreased by 0.6% compared to the same period last year and amounted to 93,312 billion rubles, follows from the report of the company. Revenues increased by 9.4% and amounted to 399,736 billion. Gross profit reached 160,326 billion, an increase of 9.2% in annual terms. "Tatneft" – one of the largest public vertically integrated oil companies in Russia, which carries out its business in Tatarstan. In 2018, a group of "Tatneft" produced 29.5 million tons of oil. The company manages one of the largest complexes of oil refining factories "TANEKO". Source: PRIME

Net loss "Surgutneftegaz" the company in the first half of this year amounted to 37,93 billion rubles against profit in 371,433 billion rubles a year earlier, the report of the company. the company's Revenue grew by 11% – to level in 798,999 billion rubles, the so-called "other income" decreased by 24.7% to 639,494 billion. "Surgutneftegas" is the fourth largest integrated oil company in Russia. The Central office is located in Surgut. Sphere of activity of Surgutneftegas, covers exploration, construction and development of oil and gas exploration; production and marketing of oil, gas, petroleum products and petrochemicals. Source: PRIME

JSC Verkhnechonskneftegaz, part of the structure NK "Rosneft" has extracted the 70-millionth ton of oil at Verkhnechonskoye oil and gas condensate field. More than 400 wells provide production of about 21.5 thousand tons of oil per day. Experimental-industrial exploitation of the Deposit started in 2005 and since 2008 Verkhnechonskoye oil is fed into the system of trunk pipelines. the Development of unique reserves of Verkhnechonskoye field due to geological conditions requires the use of advanced technologies. On Verkhnechonskoye field is created all necessary infrastructure for the extraction and preparation of oil up to commercial quality. The power system of the external transport of oil is 10.5 million tons per year, the system for maintaining...

The Launch of the first line of Turkish stream is expected from 1 January 2020, told reporters Russian energy Minister Alexander Novak. "We expect that from 1 January 2020," said Novak, answering the question of when will be launched the first gas pipeline string. the Minister noted that the launch date of the second leg of the project depends on implementation of the accompanying transmission infrastructure of European countries. Thus, according to Novak, the expansion project GTS Bulgaria to receive gas from the "Turkish stream," is on schedule. "There is an agreement between "Gazprom" and the Ministry of energy of Bulgaria signed the road map, the project implementation is in accordance with the roadmap," commented Minister of energy of the Russian...

Oil Exports through the end point of the pipeline system "Eastern Siberia – Pacific ocean" in January-June amounted to 16.3 million tonnes. For the first six months of 2019 specialists of the oil terminal is processed 161 tanker. Schedule of oil shipment is made in full. Among the countries, where oil shipments, traditionally the leader in China in the ports of this country shipped about 76% of the oil volume. In second place Japan – 7%. Closes the top three South Korea with a figure of 6%. In fourth place in the first six months of 2019 – Malaysia (4%), then Singapore (3%), New Zealand (2%), Thailand (1%), USA (1%). since its launch in 2009, the pipeline system "Eastern Siberia – Pacific ocean" via the Kozmino port to world markets in Asia-Pacific...

Net profit of LUKOIL according to RAS for January-June of current year has increased 2.3 times compared to the corresponding period last year and amounted to 200,857 billion rubles, stated in the financial statements of the company. the Revenue from sales also increased by 2.3 times and amounted to 218,419 billion. Gross profit increased 2.4 times, to reach 208,8 billion. "LUKOIL" is one of the largest public vertically integrated oil and gas companies in the world, which accounts for over 2% of world oil production and about 1% of the proven reserves of hydrocarbons. Source: PRIME

The Fourth stage of "Yamal LNG", which the project partners build their own liquefaction technologies NOVATEK, prepared in 51% overall construction is scheduled for completion in late 2019, said the Deputy Chairman of the management Board of the company mark Jetway. "the General progress of the construction of the fourth stage of "Yamal LNG", as at 30 June amounted to 51% vs. 38% at the end of the first quarter," said Gemma in a conference call. "We orientirueshsya to complete construction in late 2019 and the official launch of the line in the first quarter of 2020," he added. the Top Manager also noted that LNG from the fourth line will be sold in the spot market. Yamal LNG is a Russian project for liquefied natural gas on the basis of the South...

The First SMD drilled to Usinskoye field. "LUKOIL-Komi" drilled at the Usinskoye field the first well of small diameter (SMD). On it informs "Komiinform". Oil production in permocarbon deposits of Usinsk Deposit process is very difficult, including because of the high viscosity of raw material, says the company. the Method of construction of small-diameter wells in the last few years has been studied in several regions of operations of LUKOIL, for example, in Western Siberia and the Volga region. According to the results, the company took a decision on future replication of the technology. Small diameter wells can reduce the costs of their construction and involve them in the development of additional oil reserves. This gives the opportunity to increase...

LUKOIL acted as a technological partner of engineering company CNH Industrial, localizing in Russia the production of the specialized line of lubricants NEXPRO. These oils are developed at the request of CNH Industrial c given the structural parameters and features of operation of modern cargo transport, agricultural equipment and construction machines under the brands IVECO, CASE, NEW HOLLAND. In the line of NEXPRO are eight kinds of oils – engine, transmission, hydraulic and universal tractor. Their production formulation CNH Industrial will be implemented in the factories of LUKOIL in Perm and Tyumen. CNH Industrial is a global engineering leader engaged in the design, manufacture, distribution, after-sales service, and commercial and financial...

LUKOIL decided on the site for construction of polypropylene production with capacity of 500 thousand tons. The project company is ready to implement on the basis of the Kstovo refinery in the Nizhny Novgorod region. told reporters As the head of LUKOIL Vagit Alekperov, the company took the investment decision has on the project. Products with estimated production capacity of 500 thousand tons is expected to ship for export. In may, the Vice-President for refining, petrochemical, gas processing Rustem gimaletdinov, noted that NK is considering several sites for the start of production, including the Permian and Kstovsky NPZ. The advantage of the first option is the presence of a large amount of the "right raw material" – ethane, liquefied petroleum gases...

NOVATEK commissioned the Yuzhno-Khadyryakhinskoye field in the Yamalo-Nenets Autonomous district (YANAO) with project level of production to 1 billion cubic meters of gas per year, said Wednesday the company. ", PJSC "NOVATEK" reports that a subsidiary of OOO "NOVATEK-Tarkosaleneftegaz" put into commercial operation of the Yuzhno-Khadyryakhinskoye gas field with project level of production of around 1 billion cubic meters of natural gas per year", – stated in the message. According to the Chairman of the Board "NOVATEK" Leonid Mikhelson, the location field allows you to quickly run it and optimize capital costs. New production capacity will increase gas production from the company assets in the area of the Unified gas supply system, he said. the...

The Vice-President of JSC LUKOIL, General Director of "RITEK" (enters into Group "LUKOIL") Nikolay Nikolaev took part in the annual Oil summit of the Republic of Tatarstan. The event was held at the DALE "the Youth" in Almetyevsk district. this year RITEK introduced stand with the indicators of territorial-production enterprise "TatRITEKneft". Innovative technologies of extraction of heavy oil, EOR, efficient development of tight oil reserves, such as downhole heaters, injection of hot water, cyclic steam injection, cyclic injection of CO2, the Society successfully applied in the regions of its activities, including in the fields of Tatarstan. Stand Ritika was visited by President of Tatarstan Rustam Minnikhanov, Deputy Minister of energy of the Russian...

Russian President Vladimir Putin ordered to impose a moratorium on providing new measures of government support in the development of oil fields in Russia to complete the inventory. The moratorium imposed until December 31, 2019. Putin approved a list of instructions following a meeting on promoting the oil industry on 10 July 2019. So the Russian government instructed until December 1 to complete the inventory of stocks of oil fields developed in Russia. The President ordered to evaluate the economic efficiency of development (further development) deposits in the current fiscal environment. given the ongoing inventory until December 1, is tasked "to develop a single set of criteria, the requirements for economic justification and order of granting of...